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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
+6.41%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$12.7B
AUM Growth
+$329M
Cap. Flow
-$336M
Cap. Flow %
-2.65%
Top 10 Hldgs %
24.56%
Holding
955
New
11
Increased
21
Reduced
876
Closed
16

Top Buys

Rank Stock Value
1
GILD icon
Gilead Sciences
GILD
+$49.6M
2
CVS icon
CVS Health
CVS
+$43.5M
3
AGNC icon
AGNC Investment
AGNC
+$41M
4
GPMT
Granite Point Mortgage Trust
GPMT
+$26.9M
5
MCHP icon
Microchip Technology
MCHP
+$19.1M

Top Sells

Rank Stock Value
1
HON icon
Honeywell
HON
+$72.5M
2
VR
Validus Hold Ltd
VR
+$39.5M
3
XYZ
Block Inc
XYZ
+$34.6M
4
DIS icon
Walt Disney
DIS
+$33.5M
5
ADBE icon
Adobe
ADBE
+$31.9M

Sector Composition

Rank Sector Weight
1 Financials 19.93%
2 Technology 14.55%
3 Healthcare 13.76%
4 Communication Services 10.45%
5 Industrials 7.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NI icon
526
NiSource
NI
$20.4B
$2.53M 0.02%
98,702
-200
-0.2% -$5.31K
PTC icon
527
PTC
PTC
$16B
$2.52M 0.02%
41,539
-1,900
-4% -$118K
TTC icon
528
Toro Company
TTC
$9.49B
$2.52M 0.02%
38,700
-1,900
-5% -$120K
RPM icon
529
RPM International
RPM
$15B
$2.52M 0.02%
48,018
-2,200
-4% -$115K
SCI icon
530
Service Corp International
SCI
$11.6B
$2.52M 0.02%
67,400
-3,000
-4% -$107K
HOG icon
531
Harley-Davidson
HOG
$2.71B
$2.51M 0.02%
49,377
-2,400
-5% -$117K
COHR
532
DELISTED
Coherent Inc
COHR
$2.51M 0.02%
8,900
-400
-4% -$111K
NRG icon
533
NRG Energy
NRG
$24.8B
$2.51M 0.02%
88,168
-3,100
-3% -$84.4K
WTRG icon
534
Essential Utilities
WTRG
$11.4B
$2.51M 0.02%
63,916
-2,900
-4% -$106K
WAB icon
535
Wabtec
WAB
$49.3B
$2.5M 0.02%
30,700
-1,400
-4% -$107K
GXP
536
DELISTED
Great Plains Energy Incorporated
GXP
$2.5M 0.02%
77,510
-3,600
-4% -$118K
QRVO icon
537
Qorvo
QRVO
$8.74B
$2.49M 0.02%
37,324
-1,300
-3% -$94.7K
JHG
538
DELISTED
Janus Henderson
JHG
$2.48M 0.02%
64,837
-3,000
-4% -$108K
WRB icon
539
W.R. Berkley
WRB
$26.6B
$2.48M 0.02%
116,623
-5,063
-4% -$103K
AMD icon
540
Advanced Micro Devices
AMD
$789B
$2.47M 0.02%
240,400
-3,800
-2% -$44.4K
FIT
541
DELISTED
Fitbit, Inc. Class A common stock
FIT
$2.46M 0.02%
430,300
– –
OSK icon
542
Oshkosh
OSK
$9.59B
$2.45M 0.02%
27,000
-1,100
-4% -$96.4K
EPD icon
543
Enterprise Products Partners
EPD
$81.7B
$2.44M 0.02%
92,000
– –
JEF icon
544
Jefferies Financial Group
JEF
$13.1B
$2.44M 0.02%
102,715
-4,581
-4% -$106K
JLL icon
545
Jones Lang LaSalle
JLL
$16.7B
$2.43M 0.02%
16,300
-800
-5% -$113K
FFIV icon
546
F5
FFIV
$22.7B
$2.41M 0.02%
18,372
-900
-5% -$112K
SNI
547
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
$2.4M 0.02%
28,123
-1,000
-3% -$82.6K
EV
548
DELISTED
Eaton Vance Corp.
EV
$2.39M 0.02%
42,400
-800
-2% -$42.3K
OGE icon
549
OGE Energy
OGE
$9.71B
$2.36M 0.02%
71,820
-3,300
-4% -$117K
RVTY icon
550
Revvity
RVTY
$12.8B
$2.36M 0.02%
32,329
-1,100
-3% -$78.9K
20 21
22
23 24

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

State of Michigan Retirement System's Q4 2017 Portfolio in Review

As of Q4 2017, State of Michigan Retirement System held 955 positions worth $12.7B, up 2.7% from $12.4B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

Trading was light in Q4 2017: portfolio turnover was 2.8%. State of Michigan Retirement System opened 11 new positions and exited 16, leaving the 955-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 20% of assets, up from 19% a quarter earlier, followed by Technology and Healthcare.

  • State of Michigan Retirement System's largest Q4 2017 buy was Granite Point Mortgage Trust: 1,478,739 shares worth $26.2M.
  • State of Michigan Retirement System added most to Gilead Sciences in Q4 2017, an estimated $49.6M increase.
  • State of Michigan Retirement System's biggest Q4 2017 reduction was Validus Hold Ltd, cutting an estimated $39.5M.
  • State of Michigan Retirement System fully exited Honeywell in Q4 2017, selling an estimated $72.5M.
  • State of Michigan Retirement System's ten largest holdings make up 25% of its $12.7B portfolio in Q4 2017.
  • State of Michigan Retirement System opened 11 new positions and closed 16 in Q4 2017.
  • State of Michigan Retirement System's portfolio value rose 2.7% quarter-over-quarter to $12.7B.

Based on State of Michigan Retirement System's 13F filing for Q4 2017, filed 1 Feb 2018.